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Independent Director Death and CEO Acquisitiveness : Build an Empire or Pursue a Quiet Life?

Shi, Wei - 2016

This study examines the relationship between an independent director's death and CEO acquisitiveness. Using a sample of large U.S. public firms, we find that CEOs who have experienced an independent director's death undertake fewer acquisitions in the post-director death period, in particular...

Persistent link: https://www.econbiz.de/10013005769

The Effect of Director Experience on Acquisition Performance

Field, Laura Casares - 2016

Prior research finds that firms hire directors for their acquisition experience, regardless of acquisition quality (whether their prior acquisitions earned positive or negative announcement returns). Using several short- and long-run measures, we examine the effects of directors' acquisition...

Persistent link: https://www.econbiz.de/10013007953

Internet Appendix for 'The Effect of CEO Departure on Target Firms’ Post-Takeover Performance : Evidence from Not-Delisting Target Firms'

Demirtas, Gul - 2015

Firms' Post-Takeover Performance: Evidence from Not-Delisting Target Firms" to which these Appendices apply is available at …

Persistent link: https://www.econbiz.de/10013012862

How Does Acquisition Experience Affect Managerial Career Outcomes?

Greene, Daniel - 2020

outcomes of non-CEO senior managers. To address the non-random nature of gaining experience, we separately use manager and firm …

Persistent link: https://www.econbiz.de/10012853212

Impax Laboratories : Executing Accretive Acquisitions (A&B)

Esty, Benjamin - 2019

Impax Laboratories was a technology-based pharmaceutical company that used a “dual platform” strategy to sell both generic and branded treatments. While Impax had grown organically for most of its history, it was beginning to use major acquisitions for growth. In the early morning of June...

Persistent link: https://www.econbiz.de/10012860184

Do Busy Directors and CEOs Shirk Their Responsibilities? Evidence from Mergers and Acquisitions

Benson, Bradley W. - 2014

We examine the effects of busy directors on merger premiums and conclude that busy directors are not uniformly detrimental. We provide evidence that busy CEOs of acquirer firms are associated with lower premiums suggesting they do not shirk their responsibilities. Busy CEOs of target firms...

Persistent link: https://www.econbiz.de/10013048789

Mergers and Acquisitions : CEO Duality, Operating Performance and Stock Returns

Pham, Nga - 2014

The paper provides evidence, in an emerging market context in the Pacific Basin, that the CEO duality leadership structure of a firm does impact the strategic decisions made by the firm. Specifically, firms that are run by CEO duality structure are perceived by the capital market to be better...

Persistent link: https://www.econbiz.de/10013059716

CEO Duality and Corporate Stewardship : Evidence from Takeovers

Ghazal, Victor - 2015

in the interest of their shareholders by bargaining 16.1% more aggressively in takeover negotiations than do single role … CEOs. The paper's main finding is consistent with the view that top managers, when given higher levels of responsibility …

Persistent link: https://www.econbiz.de/10013021327

Corporate Governance, Bank Mergers and Executive Compensation

Liu, Yan - 2014

Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal...

Persistent link: https://www.econbiz.de/10013043231

The Proper Purpose Rule and the Exercise of Directors’ Power in the Context of a Takeover Battle

You, Chuanman - 2018

and application of the Proper Purpose Rule (the Rule or the PPR) in the Context of a Takeover Battle. As codified in … decision is also significant in re-affirming the conventional approach of an English takeover regime towards restricted power … of a target board of directors when a company becomes the subject of a corporate raid, or a hostile takeover; an approach …

Persistent link: https://www.econbiz.de/10012928202